Dear Experts,

I have following queries on TDS u/s 194IA on buying property:-

1. Property is bought for say Rs.60,00,000.i.e. the Sale Consideration mentioned in the Agreement.

2. Rs.20,00,000 is paid in 4 Installments say Rs. 5,00,000 say on 30/5/14, 5/6/14, 10/6/14 and 15/6/14 being the own contribution.

3. Date of Registration of Agreement is on 20/6/14.

4. Bank Loan will be paid on say 30/6/14.

Now whether only one Form 26QB will be issued to the seller for Rs.60,000 or multiple Form 26QB will be issued for each payment made in Installment.

Thanks

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